China's GDP Growth Decelerates To 28-Year Low Of 6.6% In 2018 - Statistics Bureau

BEIJING (Pakistan Point News / Sputnik - 21st January, 2019) China's GDP growth decelerated to 6.6 percent last year from 6.7 percent in 2017, slowest pace of growth in the past 28 years, the country's National Bureau of Statistics (NBS) reported on Monday.

"According to preliminary data, China's gross domestic product in 2018 was 90.03 trillion Yuan [about $13.04 trillion] , up 6.6 percent from the previous year," the report says.

GDP grew 6.8 percent year-on-year in the first quarter 2018, 6.7 percent in the second, 6.5 percent in the third and 6.4 percent in the fourth quarter, the NBS said.

Chinese authorities expect the country's economy to grow about 6.5 percent in 2019.